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June 18, 2021, 12:50 AM
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Bobby Allyn / NPR:
Snap eliminates Snapchat's speed filter, which let users show how fast they were moving, after a US court ruled that Snap could be sued for a fatal car crash  —  The maker of the Snapchat app is eliminating a feature known as the “speed filter” that lets users capture how fast they are moving and share it with friends, NPR has learned.
Lorenzo Franceschi-Bicchierai / VICE:
Researchers: encryption algorithm GEA-1, used in GPRS data in 2G networks, was deliberately weakened by its designers; ETSI blames export regulations  —  A new paper shows that two old encryption algorithms still used in mobile networks can be exploited to spy on phones' internet traffic.
Amanda Silberling / TechCrunch:
Spotify has acquired Podz, a podcast discovery startup whose tech helps podcasters promote their show using ML to select 60-second clips of key moments  —  Podcasts are all the rage, but podcast discovery is a challenge.  Today, Spotify announced its acquisition of Podz …
Salvador Rodriguez / CNBC:
Facebook says it will begin testing ads on Oculus headsets, starting with the shooter game Blaston, and won't use data stored on devices to target ads  —  - Facebook on Wednesday announced that it will begin testing advertisements that will appear within the company's Oculus virtual reality headsets.
Casey Newton / Platformer:
By acquiring promising VR games and software companies, Facebook seems to be cornering the VR market, reminiscent of its Instagram and WhatsApp acquisitions
Joe Weisenthal / Bloomberg:
Mark Cuban calls for stablecoin regulation, after trading Iron Finance's algorithmic stablecoin DeFi Titanium, which then crashed from $60 to $0 in a day  —  Here's a chart you never want to see.  It's of the DeFi Titanium token, which in one day went from being valued around $60 to $0.
Johana Bhuiyan / Los Angeles Times:
Emails from 2016 show Ring provided ~100 LAPD officers with free devices or discount codes and encouraged them to promote its devices to fellow LAPD, the public  —  In a bid to bolster its claims as a crime-fighting tool, Ring deployed a tactic popular in the business world: influencer marketing.
Laurel Deppen / GeekWire:
Seattle-based Leafly, which runs an online marketplace for cannabis, raises $23M from existing investors; Leafly has 120M annual visitors  —  Seattle-based online cannabis marketplace Leafly has closed $23 million in new funding, GeekWire confirmed with the company.
John Koblin / New York Times:
Nielsen announces a new metric, The Gauge, to measure streaming viewing in ~14,000 US homes via hardware that watches internet traffic passing through a router  —  The company known for measuring television ratings said Netflix and YouTube are far ahead of their digital competitors in time watched on TVs …
Stephen Shankland / CNET:
Google says it is funding a project to increase Linux security by writing parts of the operating system's core in Rust  —  Google said Thursday it's funding a project to increase Linux security by writing parts of the operating system's core in the Rust programming language …
More: Phoronix and TechRadar
Tweets: @stshank, @jeskillings, @stshank, and @stshank.  Thanks:@stshank
Ingrid Lunden / TechCrunch:
Transform, which develops tools for businesses to query and build metrics from data troves, comes out of stealth with $20M Series A, after $4.5M seed in 2020  —  The biggest tech companies have put a lot of time and money into building tools and platforms for their data science teams …
More: FinSMEs
Sarah Perez / TechCrunch:
Instagram launches ads in Reels worldwide; the ads can be up to 30 seconds and vertical in format  —  Instagram Reels are getting ads.  The company announced today it's launching ads in its short-form video platform and TikTok rival, Reels, to businesses and advertisers worldwide.
Bloomberg:
Wise, previously known as TransferWise, plans to go public on the LSE via a direct listing, the first company to choose an alternative listing in the UK  —  - Founders, employees get extra voting rights for limited time  — Direct listings are becoming more popular among U.S. startups
Jack Nicas / New York Times:
Profile of Doug Guthrie, an advocate for doing business in China who advised Apple from 2014-2019, as he now warns of the risks of China's nationalist turn  —  Doug Guthrie, once one of America's leading China bulls, rang the alarm on doing business there.  He spoke about his time at Apple.
Stephanie Condon / ZDNet:
Adobe beats in Q2 with revenue of $3.84B, up 23% YoY, vs est. of $3.73B, with YoY revenues of Digital Media up 25%, Creative up 24%, and Document Cloud up 30%  —  Adobe beat top and bottom-line expectations for the quarter, with cash flows from operations hitting a record $1.99 billion.
Mishaal Rahman / XDA Developers:
APK teardown of new version of Google Play Services suggests that Google is working to build an Android device network like Apple's Find My  —  Because Apple tightly controls the iOS ecosystem, they're able to build a massive, crowdsourced network of devices that can help locate other devices.
More: SlashGear.  Thanks:@mishaalrahman
Danny Crichton / TechCrunch:
Neo4j, which offers a graph-centric database and related products, raises $325M Series F led by Eurazeo at a $2B+ valuation  —  Databases run the world, but database products are often some of the most mature and venerable software in the modern tech stack.

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From Mediagazer

Jennifer Maas / Variety:
Disney reports Q3 revenue up 7% YoY to $25.2B, below $25.4B est., adjusted EPS of $2.06, above $1.85 est., and entertainment revenue up 6% to $11.3B

Jazz Monroe / Pitchfork:
Sources: nearly all staff at music outlets BrooklynVegan, Alternative Press, Revolver, and Goldmine appear to have been laid off by Veeps, owned by Live Nation

Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q3 revenue up 38% YoY to $1.48B, a $25.7M net loss, vs. a $38M loss a year earlier, and North American subscribers up 2% to 5.75M; FUBO jumps 12%

More News

Mary Ann Azevedo / TechCrunch:
Unit, which helps companies build financial and banking products, raises $51M Series B led by Accel, bringing its total raises to ~$70M

Earlier Picks

Strategy Analytics:
In Q1 2021, global 5G smartphone shipments grew 6% QoQ, with Samsung up 79% QoQ and Vivo up 62% QoQ, while Apple maintained its lead despite a 23% dip
Elias Saba / AFTVnews:
Amazon Appstore unveils a new program that reduces its share of developer revenue from 30% to 20% for developers earning less than $1M per year, starting in Q4
James Vincent / The Verge:
Facebook launches a new suite of tools for admins of Groups, including AI-powered Conflict Alerts that identify “contentious or unhealthy conversations”
Dieter Bohn / The Verge:
After years of pop-up experiments, Google says its first retail store, located in the Chelsea neighborhood of NYC, will open on June 17
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